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California Imposes Strict New Regulations on the Blending of Gasoline

Question 17

Multiple Choice

California imposes strict new regulations on the blending of gasoline that increase production costs.As a result,the:


A) demand for gasoline will increase.
B) demand for gasoline will decrease.
C) supply of gasoline will increase.
D) supply of gasoline will decrease.
E) demand for and supply of gasoline will not change.

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